The Russian stock market today may rise slightly

  • And
  • +A

Monday, December 10, on the London ICE Brent crude failed to hold Friday’s powerful growth. To the closing price of black gold fell by 2.8% to $59,84 dollars per barrel. However, we do drop seems to be quite local, as even Monday quotes that fell below $60 per barrel, then rose again above this mark, only by evening to keep a small increase failed.
It is likely that downward pressure on the price of oil had released in China on Monday, statistics on the import, according to which, the PRC has reduced the import of goods and raw materials from most countries, but most affected trade with the United States. But this morning was wiser than yesterday’s sad evening: in the morning trading session the price of Brent crude rose above $60 per barrel. Today the projected range of fluctuations in oil prices in the $60-$62 per barrel.
Us stock indices 10 Dec gradually restored after the collapse, but rose slightly, by less than a percent. Stock markets of Asian countries in the morning show heterogeneous dynamics. If the Japanese Nikkei 225 index falls by 0.31%, while Chinese indices except Hang Seng until all the black. The Russian stock market falling oil prices and external negativity showed Monday rather poor dynamics. The RTS index fell 1.85% and the index of the Moscow exchange by 1.42%. We expect the opening of trading on the Russian stock market in positive territory. The RTS index for today is waiting for the corridor to 1100-1200 points, and index Masuri in 2300-2400 points.
The ruble at the opening today may show mixed performance against the dollar and the Euro may weak the fall of the ruble against the dollar and a slight increase against the Euro. Our forecast on ruble pairs for today is 66-67 RUB per U.S. dollar and 75-76 RUB for Euro.
Natalia Milchakova,
The Deputy Director of analytical Department,